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Government Relations Update

H.R. 5771 Re-Cap
On Dec. 19, 2014, with just a few weeks before the law would expire, the President signed into law H.R. 5771 which temporarily extended several expired tax provisions related to individuals, business, and energy through Dec. 31, 2014.

This law retroactively expanded Section 179 deduction limits through December 31st 2014. This law reinstated the limit on Section 179 to $500,000 as well as reinstated 50 percent Bonus Depreciation.

The new law is now expired.

Mark Robinson, EVP, Machinery Dealers National Association more

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